BLaw 3.15

The traditional phrase and philosophy that ruled the market place.  

• caveat venditor (seller beware)
• Look out Charlie!
• caveat emptor ( let the buyer beware)
• The customer is always right 

Which of the following is not a consumer?

• You when you go to the mall to buy for yourself 
• You when you buy for someone else 
• People buying for a business they work for.
• You selling items on ebay. 

Before a cease and desist order is filed a defendant in a consumer protection case may agree to this to avoid a legal battle

• Mediation 
• A consent order 
• A recall 
• Arbitration 

CPSC stands for 

• Consumer Production of Safety Concerns 
• Consumer Product Safety Coalition 
• Consumer Product Safety Commission 

Bait and Switch refers to a practice where 

• Sellers dont have an advertised product - but instead offer a more expensive one. 
• Giving coupons that have too short an expiration date. 
• People catch fish that are out of season 
• mislabeling goods so that they look like something else. 

Which of the following govt agencies is not directly concerned with protecting consumers? 

• FDA
• USDA
• CPSC
• SEC

Consumer products are governed by the 

• UCC - Uniform consent of consumers
• UFC - United Federation of Consumers 
• UCC - uniform commercial code
• UFF United Federation of Consumer Protection 

Assurance of a product quality is 

• a promise
• an implied warranty 
• an express warranty 
• a warranty

A promise made explicitly about the performance of a product is  a(an)

• express warrarnty
• warranty 
• implied warranty 
• limited warrarnty

Which of the following is not an implied warranty 

• Warranty of Merchantability 
• Warranty of title 
• Warranty of usage 
• Warranty against encumbrances